Business & Finance News

Karachi: The Board of Directors of Exide Pakistan Limited has released their annual report detailing a robust financial performance for the fiscal year ended March 31, 2024. The company reported a profit before taxation of Rs. 2,154.70 million, with...

Karachi: MCB Investment Management Limited has declared a new dividend payout for the Alhamra Daily Dividend Fund (ALHDDF), as of July 6, 2024. This latest distribution, approved by the CEO on behalf of the fund's Board of Directors, will see a divi...

Karachi: The Oil and Gas Development Company Limited (OGDCL) has announced significant production increases at its Kunnar-11 well in Hyderabad district, Sindh, leveraging advanced technological methods to enhance output. After implementing productio...

Karachi: Mr. Farrukh H Khan has officially resigned from his role as Chief Executive Officer of the Pakistan Stock Exchange Limited. Mr. Khan has decided to step down in order to pursue other professional opportunities. His resignation was submitted...

Islamabad: Nazir Cotton Mills Ltd. disclosed a quarterly loss of PKR 3.238 million in its latest directors' report to shareholders. The loss, reported for the quarter ending March 31, 2024, stems from administrative expenses totaling PKR 4.474 million...

Karachi: In a swift administrative move, Dr. Aliya Hashmi Khan has been removed from her position as a Director of the Bank of Khyber, effective immediately. The decision, enacted through a notification issued by the Government of Khyber Pakhtunkhwa o...

Karachi: The Alfalah Consumer Index ETF (ACIETF) has commenced the reallocation of its portfolio following a recent rebalancing of the underlying index on June 28, 2024. This adjustment is in line with Section 96 of the Securities Act, 2015, Clause ...